Governance Deficit = Judicial Activism Surplus?

Ordinarily, we cover issues that impact the operating environment of companies. But we have sometimes broken from tradition - last year in December, The Firm ran a series on public interest issues - regulatory reform, legitimizing lobbying, anti-corruption and the Lokpal Bill- much before it became a fashionable slogan. This week we break from tradition again to focus on recent political events! 

This week, the Supreme Court ordered a Special Investigative Team (SIT) to look into the black money issue - the SIT has been given a very broad scope. Is this one more instance of the Supreme Court stepping on the toes of the Executive and Legislature? Has the governance deficit led to a surplus in judicial activism? And while that may be soothing in the short-term, what impact will it have if it becomes a long-term trend? Senior Advocates of the Supreme Court - Harish Salve and Dushyant Dave debate just that and to offer a business point of view, we have Harsh Mariwala, Chairman and Managing Director - Marico Industries and President FICCI. Doshi: If I may point out what the SC judgment says- it not only tasks the SIT to investigate the case of Hasan Ali and the Tapurias but it also says it can investigate